Deutsche Telekom has revealed its total Capex increased to 4.547 billion euros in Q2 2020 from 4.199 billion euros in Q2 2019.
Deutsche Telekom’s network related Capex increased to 3.667 billion euros in Q2 2020 from 3.324 billion euros in Q2 2019.
Deutsche Telekom’s revenue increased 37.5 percent to 27 billion euros after the inclusion of Sprint, which was bought by T-Mobile US, in April 1, 2020.
“The merger in the United States is a historic step for the Group,” said Tim Hottges, CEO of Deutsche Telekom. “Our figures are formidable and strong business operations in Germany and the rest of Europe also play a part in this.”
The coronavirus pandemic impacted Deutsche Telekom’s corporate customer business and mobile roaming revenues.
Deutsche Telekom updated its guidance for the current financial year on account of the new Group structure following the merger in the United States.
The Group expects to post adjusted EBITDA AL of around 34 billion euros in 2020, up from the previous guidance of around 25.5 billion euros. Free cash flow AL is expected to be at least 5.5 billion euros, after the previous guidance of around 8 billion euros.
